by Lime Fx uses advanced encryption technology to protect your data and funds. Additionally, segregated accounts are used to keep client funds separate from the company’s operational funds. While it’s not the most tightly regulated broker, it has a good track record for reliability.
The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. Despite this lack of regulatory oversight, Lime Fx still does not offer trading services to U.S clients.
- In line with the desktop version, the Lime Fx trading app is execution-focused.
- Our content production team (text, images, videos, software, Chrome extensions, audio, etc.) works independently.
- Platform choice ultimately comes down to personal preference, but Lime Fx has signalled its intent by offering its clients the choice of two market-leading platforms.
- Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD.
- We found that the Lime Fx withdrawal request typically takes 1 to 3 hours to get approved and it takes another 30 minutes for them to make the actual transaction.
I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls. The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation. Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the Lime FxTrader platform. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
Plus500 Review 2025: Fees, Platforms, Apps, Pros, Cons & More
During our latency tests, we found the claims to come reasonably close to reality. For all accounts, the minimum trade size is set on 0.01 lots or 1 micro lot (1,000 units). At Rationl FX, we prioritize clarity and transparency in all our interactions. Our services are available to everyone free of charge, but we do receive compensation from some of our partners for referring clients to them. The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting Lime Fx’s commitment to serving its global client base. Research tools provided by Lime Fx include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you.
Trading Services: Types of Forex Trading Accounts Offered by Lime Fx
The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading. It is the ideal way to get to know more about a broker or the industry. Furthermore, your funds will always be held in segregated accounts with top-tier banks when you trade with Lime Fx.
Deposit Options and Fees
These services empower Lime Fx users to refine their skills, maximize profits, and benefit from a collaborative trading environment. Lime Fx provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages. Both social and copy trading is well provided for at Lime Fx through their own proprietary copy limefx trading service.
European Markets
Even at 0.90 pips, I found it’s roughly 18% cheaper than my industry average tests of 1.11 pips for EUR/USD, positioning Lime Fx as a low-spread broker. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Based on our research, we have assigned the following ratings to Lime Fx. On the other hand, its cTrader server is a hosted solution from Spotware. Regardless of which platform and account you are using, Lime Fx claims that its order executions occur within 0.1 seconds.
The Pro account uses the MetaTrader MT5 platform and offers a wider range of markets than the Micro account and spreads also tend to be a little tighter. Lime Fx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if Lime Fx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. MetaTrader is further renowned as one of the most comprehensive platforms in this area. You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported.
Here, we focus on https://limefx.club/ how long the broker has been in business, what is the company size, and how transparent the broker overall. The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK. Lime Fx Markets Incorporated is based at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.
- They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
- Lime Fx excelled in the category of fees, with tight spreads in CFDs on forex and shares.
- The low costs, variety of instruments, and educational resources make it an excellent choice for beginners.
- After 324 reviews, Lime Fx holds a rating of 2.997 out of 5 stars on Forexpeacearmy.
- Approval of the funds can take from 1-3 hours depending on when you make a request.
Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device. Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at Lime Fx, and what they can provide you with. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from Lime Fx, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type. With that said, they still offer good value in terms of trading conditions.
These indicators allow traders to predict or confirm trends, patterns, and support and resistance levels. They are categorised into types, such as Trends, Oscillators, Volumes, and Custom. You can choose from a range of available indicators, download a custom indicator, or create your own. If you’re looking for an affordable, user-friendly platform with competitive trading conditions, then yes, it’s worth considering. The low costs, variety of instruments, and educational resources make it an excellent choice for beginners. However, if you’re after more advanced features or stringent regulations, you might want to explore other options.
Lime Fx clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available. As stated on their website, over 21 million trading accounts have been opened across 180 countries with Lime Fx.
Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. The promo codes, according to their customer support, is a unique offer for some new clients. Nevertheless, new users can always use the promo codes of Lime Fx affiliates to receive bonuses or chat with the live support on their website to get the promo code. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security. It has management systems that ensure that clients do not lose more than initially invested.
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
